Variable Return definition

Variable Return means a percentage calculated as follows:

Variable Return means an amount per Deposit Note equal to: the greater of (i) $0 and (ii) the product of (a) $100 and (b) the Total Locked-In Performance, subject to a maximum of $74.52 per Deposit Note. If the Total Locked-In Performance at maturity is less than or equal to zero, there will not be any Variable Return and the Holders will only be entitled to receive their Initial Deposit Amount.

Variable Return means, on a per Deposit Note basis, the amount equal to the following formula, provided that the Variable Return shall not be less than zero:

Examples of Variable Return in a sentence

• Payment of the Variable Return, if any, is scheduled for the Maturity Date, but the Calculation Agent may delay such payment until the third Business Day after all Final Share Prices have been determined and no interest will be paid in respect of such delay.

• A Market Disruption Event may delay the determination of a Final Share Price and consequently the calculation of the Variable Return payable.

• Payment of the Variable Return, if any, is scheduled for the Maturity Date, but the Calculation Agent may delay such payment until the third Business Day after all Final Reference Asset Prices have been determined and no interest will be paid in respect of such delay.

• No assurance can be given that the Deposits will generate a Variable Return.

• A Market Disruption Event may delay the determination of a Final Reference Asset Price and consequently the calculation of the Variable Return payable.

More Definitions of Variable Return

Variable Return means, the greater of (i) zero and (ii) an amount in Canadian dollars equal to $100 multiplied by the Reference Portfolio Return.

Variable Return means the potential investment return (if any) payable in addition to the Capital Protected Amount in respect of the Multi Strategy Investment, in accordance with Condition 5.

Variable Return means the investment return (if any) payable in addition to the Capital Protected Amount in respect of The Global Absolute Return Bond 5 in accordance with Condition 5; and

Variable Return means on a given Call Valuation Date and the Final Valuation Date, a percentage calculated as follows:

Variable Return means, subject to any Special Circumstances that have occurred, the return earned on your Deposit as calculated in section 3 of these Special Conditions and expressed as a percentage rate per term;

Variable Return means an amount in Canadian dollars, equal to the greater of (i) zero and (ii) the product of

Variable Return means, on a per Deposit Note basis, the amount equal to the following formula, provided that the Variable Return shall not be less than zero:Variable Return = Deposit Amount × Participation Rate × Index Return; and